Omnicom Builds JVs With Shunya Communications

   Date:2008/01/08     Source:

Beijing-based marketing services company Shunya Communications Group announced on January 7 that it has partnered with Omnicom Group (NYSE: OMC) to establish four joint ventures, reports China Securities Journal. Shunya will own a 60 percent stake in the joint ventures with Omnicom Group holding the remaining stake. Under the agreement, Shunya and Omnicom will work with Omnicom Group subsidiaries BBDO, Pleon, Porter Novelli and Proximity to establish an advertising company, two public relations companies and a marketing consulting company, respectively. Established in 1999, Shunya Communications Group offers advertising, public relations, marketing and interactive sales services.

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